As the Organisation of Petroleum Exporting Countries and its allies prepare to meet for a review of their production cuts this weekend, the central bank of the world’s biggest energy exporter is hunkering down for years of oil near $40 a barrel.

The Reliance Industries (RIL) counter will be under watch on Monday after market regulator Sebi (Securities and Exchange Board of India) on Friday barred the country's second most-valued firm as well as 12 other entities from equity derivatives trading for one year

India approved a policy on Wednesday allowing extra time to contractors of old blocks to unlock oil and gas reserves of more than 426 million barrels, worth over $21 billion, as it seeks to cut its dependence on imports.

The policy approved by the Union Cabinet will help companies including Cairn India and Oil and Natural Gas Corp that are exploring blocks awarded before 1999

India's top financial institution LIC wants its pound of flesh before it gives the green signal to the $13-billion Essar-Rosneft deal which would be the largest inflow of foreign direct investment into the country

Mozambique will get $350 million in capital gains tax from Eni after the Italian oil and gas company agreed to sell a stake in a gas field to Exxon Mobil Corp, senior tax official Anibal Mbalango said on Tuesday.

China's Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced on Wednesday.

Moody's Investors Service (Moody's) has changed its outlook on the global integrated oil and gas sector to positive from stable as higher profits from upstream operations fuel a faster recovery in earnings growth, says the rating agency .

State-run oil marketer Hindsutan Petroleum Corp Ltd (HPCL) has selected Honeywell's technologies for the expansion and modernisation of its refinery at Visakhapatnam in Andhra Pradesh, according to the American software-industrial company.

The Modi government is planning to soon hold a second round of bidding for discovered small fields very soon, buoyed by the healthy response from investors, including first-time entrants in the hydrocarbon sector, in the just-conducted auctions.

China's offshore oil and gas producer CNOOC Ltd reported its worst annual result since at least 2011, with revenue from its core oil and gas business tumbling 17 percent last year, but it expects to raise output 2017 as oil prices rebound.

Union Minister of State (I/C) for Petroleum and Natural Gas, Dharmendra Pradhan launched MoP&NG e-Seva, a dedicated grievances redressal platform on Social Media for all queries and grievances relating to Oil and Gas Sector.

India does not rule out the possibility of joining China, Japan and Korea to jointly buy liquefied natural gas (LNG) as part of efforts to extract better deals, Oil Minister Dharmendra Pradhan said on Friday.

State-run Indian Oil Corporation Ltd (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) have declared a combined special dividend of `4,570 crore following pressure from the government, which is hoping to use its share in this to meet its fiscal deficit target this year

In what may come as a relief to Cairn India and encourage it to increase the pace of investment, the Vedanta group company’s prolific Barmer oil and gas block has been granted an extension of 10 years or economic life of the field, whichever is earlier

The company responsible for the Keystone XL oil pipeline said Friday morning that President Trump's administration had signed off on the project, clearing a key hurdle for a polarizing endeavor that has rankled environmentalists and inspired hope for jobs among supporters.

Nearly a decade in the making, a project to pump oil 770 km (480 miles) across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the opening of a new oil trading route.

India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions workaround broke down, as state banks remain fearful of handling payments from Tehran in case the United States imposes a fresh financial embargo.

Oil India, a government-owned company that explores, develops and produces oil and gas, has received its board’s approval to buyback 5.60% of its paid up share capital for a consideration of Rs 15.27 billion

Around two crore poor families have been provided with new LPG connections, taking to 19 crores the total number of families having gas connections in the country, the government told the Rajya Sabha on Monday

Oil minister Dharmendra Pradhan brought PM Narendra Modi’s ‘Urja Ganga’, an energy lifeline for eastern India, to his home state Odisha on Saturday by kicking off work on city gas networks in Bhubaneswar and Cuttack